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Advanced Issues in the Preparation of Form 1041

Total Credits: 2 including 2 Taxes - Technical

Average Rating:
ACPEN Industry Institute |  ACPEN Tax Institute |  IRS Approved |  Tax
Arthur Werner
Course Levels:
2 Hrs




Tax compliance issues for fiduciary entities are sometimes confusing to practitioners due to the fact that many lack experience in this area.  This course is a follow-up to our basic course on 1041 preparation/compliance.  In our basic course, we instruct  the practitioners as to how entities work, how to read documents, and how to begin the compliance issues regarding this form.  In this class, we examine the advanced issues of compliance regarding the U.S. Income Tax Return for Estates and Trusts (Form 1041).


**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to

Basic Course Information

Learning Objectives
  • To provide advanced compliance guidance to preparing the U.S. Income Tax Return for Estates and Trusts (Form 1041)

Major Subjects
  • Charitable and split-interest trust compliance issues
  • Irrevocable Grantor Trust issues
  • IRC §645 election issues
  • Understanding the basics of Subchapter J of the Internal Revenue Code
  • Schedule A (Charitable Deduction) compliance issues
  • Schedule B (Income Distribution Deduction) compliance issues
  • Advanced Distributable Net Income (DNI) issues

Course Materials


Arthur Werner Related seminars and products: 27

Werner-Rocca Seminars, Ltd.

Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.  In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.  Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.

Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

Additional Info

Basic Course Information

Prerequisites Basic understanding of Form 1041
Advanced Preparation None
Designed For CPAs, EAs, and Attorneys
Original Recording Date 02/26/2019
Yellow Book No
Course Developer Arthur Werner
Date Added to Catalog 02/18/2019

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints., (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Promo Video



Overall:      4.6

Total Reviews: 52


Albert B

" "

Paul F - Waco, Texas

" "

Jill W

"Art is a wonderful presenter and breaks down complex topics in an understandable way."

Lisa B

"Appreciate that Art followed very close to slides so was able to add my additional notations from information he shared in correct area of presentation"

Jon D

"Good course and great technology"

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